0143.5 - TAX INCREMENTAL DISTRICT (TID) REVIEW BOARD REPRESENTATION
When a tax incremental district (TID) is being considered on property within the School District or an amendment to a project development plan is being proposed, the Board of Education shall appoint a representative to serve on the TID Joint Review Board. Such representative shall be the school board president or the president’s designee. If the school board president appoints a designee, he or she shall give preference to the district’s Director of Business Services or another person with knowledge of local government finances. If the TID district is also located on property of another school district, the school district having the property with the greatest value within the TID district shall appoint the representative to the review board.
The school district representative appointed should meet the following qualifications:
- He/she should have an interest in serving on the joint review board
- He/she should be knowledgeable of the state school aid formula and the impact of TIDs on state aids
- He/she should understand the implication of TID district creation on school property tax collections
As a member of the review board, the School District representative must also consider the criteria established by law when voting on whether to approve or deny a TID district proposal.
A TID district status report shall be made by the School District representative to the school board at the board meeting following the TID review board’s decision.
School District of Jefferson